Gold prices edged up by Rs 27 to Rs 30,620 per 10 gram in futures trade on Thursday as speculators built up fresh positions, taking positive cues from overseas markets. At the Multi Commodity Exchange, gold for October rose by Rs 27, or 0.09%, to Rs 30,620 per 10 gram in business turnover of 49 lots.

India will not directly be affected in case of a global trade war but the second order effects could impact the economy, said Kevin Sneader, global CEO of McKinsey in an interview with ET. While restrictive tariffs might not hurt the economy as much, factors like rising commodity prices could hurt the trade more.